Atmastco Signs Rs 1.28 Billion Deal with Hindustan Zinc
ECONOMY & POLICY

Atmastco Signs Rs 1.28 Billion Deal with Hindustan Zinc

Atmastco has secured a contract from Hindustan Zinc for an engineering project valued at Rs 1.28 billion at the Dariba Smelting Complex in Rajsamand, Rajasthan. The agreement marks a significant development in Atmastco’s operations, further strengthening its position in the engineering and erection sector.

Following the announcement, Hindustan Zinc’s stock price rose by 1.66 per cent to reach Rs 437.15 on the Bombay Stock Exchange (BSE). The market reaction highlights investor confidence in the company’s on-going industrial projects and expansion efforts.

Atmastco initially focused on the trading of steel goods and industrial products before expanding into the engineering and erection business. Over the years, it has diversified its operations, taking on large-scale industrial and infrastructure projects.

Hindustan Zinc, a subsidiary of the Vedanta Group, is a key player in the Indian metals and mining sector. It is an integrated producer of zinc, lead, and silver, with operations spread across multiple locations. As of March 2024, Vedanta held a 64.92 per cent ownership stake in the company. The latest contract aligns with Hindustan Zinc’s on-going efforts to enhance its production capacity and operational efficiency at the Dariba Smelting Complex, which is a crucial site for its smelting and refining activities.

This collaboration is expected to contribute to the growth of both companies, with Atmastco leveraging its engineering expertise and Hindustan Zinc strengthening its industrial infrastructure. The project underscores the growing investments in India’s metals sector, reflecting the industry’s focus on modernization and capacity expansion.

News source: Business Standard

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Atmastco has secured a contract from Hindustan Zinc for an engineering project valued at Rs 1.28 billion at the Dariba Smelting Complex in Rajsamand, Rajasthan. The agreement marks a significant development in Atmastco’s operations, further strengthening its position in the engineering and erection sector. Following the announcement, Hindustan Zinc’s stock price rose by 1.66 per cent to reach Rs 437.15 on the Bombay Stock Exchange (BSE). The market reaction highlights investor confidence in the company’s on-going industrial projects and expansion efforts. Atmastco initially focused on the trading of steel goods and industrial products before expanding into the engineering and erection business. Over the years, it has diversified its operations, taking on large-scale industrial and infrastructure projects. Hindustan Zinc, a subsidiary of the Vedanta Group, is a key player in the Indian metals and mining sector. It is an integrated producer of zinc, lead, and silver, with operations spread across multiple locations. As of March 2024, Vedanta held a 64.92 per cent ownership stake in the company. The latest contract aligns with Hindustan Zinc’s on-going efforts to enhance its production capacity and operational efficiency at the Dariba Smelting Complex, which is a crucial site for its smelting and refining activities. This collaboration is expected to contribute to the growth of both companies, with Atmastco leveraging its engineering expertise and Hindustan Zinc strengthening its industrial infrastructure. The project underscores the growing investments in India’s metals sector, reflecting the industry’s focus on modernization and capacity expansion. News source: Business Standard

Next Story
Resources

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Next Story
Real Estate

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Next Story
Real Estate

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?